AMENDED AND RESTATED EMPLOYMENT AGREEMENT
EXHIBIT 10.1
AMENDED AND RESTATED EMPLOYMENT AGREEMENT
This AMENDED AND RESTATED EMPLOYMENT AGREEMENT hereinafter (“Agreement”) is effective as of this 1st day of September, 2020 (“Effective Date”) between Boomer Holdings
Inc, a Nevada corporation (“Employer”) and Xxxx Xxxxx (“Employee”). In consideration of the mutual promises and covenants contained herein, the sufficiency of such consideration being expressly acknowledged by the parties, it is agreed as follows:
Employee shall receive compensation in the amount of Twenty Thousand Dollars ($20,000.00) per month commencing on September 7, 2020. In addition, annual bonuses shall be
paid as determined by the Board of Directors of Employer. Employee shall be paid in accordance with Employer payroll practices, including any tax withholdings required by State or Federal law.
Employee shall receive four (4) weeks of paid vacation per each year of this Agreement.
II. Termination by Employer. Employer may terminate Employee’s employment hereunder:
a. Without advance notice upon Employee being found guilty in a court of law of a felony or Employee agreeing to a felony plea;
b. If Employee breaches any of the provisions of this Agreement and said breach is not cured within thirty (30) days of written notice thereof from Employer;
In the event of the death of Employee, this Agreement shall terminate, provided any compensation then due shall be prorated on the basis of time to the date of such
termination.
Upon termination, Employee will be paid accrued, unpaid salary.
Boomer Holdings Inc
0000 Xxxx Xxxxxxxx Xxxxxx
Xxx Xxxxx, Xxxxxx 00000
And if to Employee:
Xxxx Xxxxx
Either party may change the address to which notice is to be addressed by notifying the other party of the change.
17. ENFORCEMENT. This Agreement is to be construed in accordance with the laws of the State of Nevada. Any actions arising in connection with the Agreement shall be
subject to mandatory arbitration in front of a three-arbitrator panel in Xxxxx County, Nevada. By this Agreement, the parties confer jurisdiction over the subject matter of and parties to the Agreement. The party who prevails in any action will be
entitled to an award of the reasonable costs and attorney’s fees incurred in the action.
IN WITNESS WHEREOF, the parties have executed this Agreement
on this 12th day of March, 2021.
“Employer”
Boomer Holdings Inc
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By: Xxxxxx Capri, President
“Employee”
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Xxxx Xxxxx